Ternium (NYSE:TX) Releases Earnings Results, Beats Expectations By $0.04 EPS

Ternium (NYSE:TX) announced its earnings results on Tuesday. The basic materials company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.04, Briefing.com reports. The firm had revenue of $4.48 billion for the quarter, compared to analyst estimates of $4.45 billion. Ternium had a negative net margin of 3.57% and a positive return on equity of 6.08%. The company’s revenue for the quarter was down 13.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.38 EPS.

Ternium Stock Up 0.4 %

NYSE:TX traded up $0.14 during mid-day trading on Thursday, hitting $36.54. 162,389 shares of the company’s stock were exchanged, compared to its average volume of 208,063. Ternium has a one year low of $30.68 and a one year high of $44.44. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.74 and a quick ratio of 1.57. The business has a fifty day moving average price of $34.83 and a 200 day moving average price of $37.11. The company has a market cap of $7.17 billion, a PE ratio of -10.31, a P/E/G ratio of 0.21 and a beta of 1.77.

Ternium Cuts Dividend

The firm also recently disclosed a Semi-Annual dividend, which will be paid on Tuesday, November 26th. Investors of record on Monday, November 18th will be paid a dividend of $0.09 per share. This represents a yield of 8.5%. The ex-dividend date is Monday, November 18th. Ternium’s payout ratio is currently -124.65%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Ternium from a “hold” rating to a “buy” rating in a research note on Wednesday. Four investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $52.33.

About Ternium

Ternium SA, together with its subsidiaries, manufactures and distributes steel products in Mexico, Southern Region, Brazil, and internationally. It operates through three segments: Steel, Mining, and Usiminas. The Steel segment offers slabs, hot and cold rolled products, coated products, roll formed and tubular products, bars, billets, and other products.